Snowline Gold (TSXV: SGD) has again intersected long intervals of mineralization at its flagship Rogue Project, found in the Yukon. The results were released this morning in combination with drill assays from its other project in the region as well, the Einarson Project.
Highlights from the results include:
- V-24-77: 1.61 g/t gold over 435.0 metres, from a depth of 120.0 metres
- Including 2.39 g/t gold over 150.5 metres from a depth of 206.5 metres
- V-24-076: 1.11 g/t gold over 212.4 metres, from a depth of 10.1 metres
- J-24-022: 6.87 g/t gold over 6.3 metres from a depth of 269.0 metres
Hole V-24-77 is said to have been drilled near the northeastern edge of the current open pit resource shell, which confirms continuity of mineralization at the edge of the current resource estimate and opens up the Valley zone to further expansion. The hole is also expected to expand the extent of above cut-off and higher grade domains for the resource estimate.
Exploration remains ongoing at Snowline’s properties, with three drill rigs currently in operation at the Valley deposit, while two drill rigs are active on regional targets. 37 holes have been drilled at Valley so far in 2024, across an aggregate 17,400 metres. Exploration at the regional targets meanwhile has exceeded 8,100 metres over a total of 19 holes, which were conducted across six separate targets.
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Assays remain pending for over 21,000 metres of drilling conducted this year.
Snowline Gold last traded at $5.31 on the TSX Venture.
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